The pair closed in NY Thursday at $1.5333 after rate had been pushed to an extended recovery high of $1.5345, off an opening Asian low of $1.5170. After touching a low of $1.5319 in early Asia the rate slowly edged its way up to $1.5341, holding close to the high into Europe. Euro-sterling, which had recovered off early Thursday lows of stg0.7450 to stg0.7510 struggled to hold gains and looked more comfortable below the figure. Rate closed in NY Thursday at stg0.7485, edged to stg0.7488 in early Asia before it eased off to stg0.7478. A strong set of PMI data this week, with Halifax house prices coming above expected levels, Thursday, all helped to buoy sterling with position adjustments ahead of today’s key US NFP data also aided the pound’s recovery. Median expectation for NFP seen at 230k, though one investment bank warns that January data is often overestimated and market seen geared for disappointment. Also of note is earnings data. UK trade data provides the morning domestic focus, with continued fall out from the Greece debt debate in focus for directional drive. Cable resistance seen at $1.5345/50($1.5346 61.8% $1.5590-1.4952 2015 range), support $1.5300-1.5280
